Most accounts these days suggest the risk of recession has abated, given the strength of various indicators, and the un-inversion of the yield curve. This made me wonder what two key indicators look like in real time on the eve of a recession. Take a look at these two graphs, to see which one denotes […]
In 2019, U.S. fund investors continued to prefer passively managed funds over actively managed funds. Long-term actively managed funds (excluding money market funds) witnessed net outflows of $83.7 billion for
Our fans often ask, "Can I apply Elliott waves to... [fill in the market name]?" The answer is always -- yes! Use them in any freely traded, liquid market. For example, watch our Interest Rates Pro Service contributor walk you through his recent call in Bunds, Germany's equivalent of the U.S. Treasury Bonds.
Summary The Treasury will offer a new 10-year TIPS at auction Thursday. Real yields are currently running at about 0.09%. TIPS have had a great run over the last year, but wasn’t the time to buy a year ago? The … Continue reading →
Summary Investors had to pay a big premium for this TIPS, about $100.86 for $99.97 of value, after the January inflation adjustment. The inflation breakeven rate came in at 1.68%, slightly lower than looked likely last week. Still, inflation fears … Continue reading →